Amazon to Venture into Healthcare Sector

Published By : 22 Feb 2018 |Published By : QYRESEARCH

The exceptional success that Amazon is having with online retail, organic groceries, cloud computing, and television streaming has added substantially to the limitless ambition of Jeff Bezos, the founder and the chief disruptor, as the company is now all set to venture into the medical and healthcare sector. Amazon, which was introduced as an online bookseller around 24 years ago, has expanded its business so much that its offerings, currently, include voice-commanded speakers integrated with Alexa artificial intelligence and various original TV shows streaming online at Amazon prime.

As of now, the healthcare sector appears ripe for the company. Last month, with Amazon making an announcement about its partnership with Warren Buffett and Jamie Dimon, the chief executive of JPMorgan Chase, in a bid to offer a healthcare system for the workforce employed in all the three companies, a possible step was taken in this direction.

As per the Wall Street Journal, the company will also venture into supplying of medical equipment and devices for hospitals. “In this step by Bezos is considered as thoughtful and analytical by market experts. Although his vision is far-reaching, he may face severe challenge from the sky-rocketing cost incurred in healthcare, from medicines to therapies, across the U.S. According to a market expert, “like all other industries that Amazon has been operating in, it is envisioning low cost alternatives with seamless services that could make a lot of money for the company over time.”